New Zealand Energy (TSE:NZ) has released an update.
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New Zealand Energy Corp. has secured final approval from the TSX Venture Exchange for a farmout agreement with Monumental Energy Corp. This deal allows Monumental to fund the workover of two wells in the Taranaki Basin, receiving a share of the revenue until their investment is recouped. The collaboration is set to kick off early in 2025, potentially boosting oil and gas production in the region.
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